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    ThinkorSwim vs IB's TWS

    Ibsoft, can you confirm the treatment of spreads? I too was under the impression that IB will only route a spread to the exchanges cob when they feel it is marketable. This is one of the reasons that I have stayed away from IB. If I see a spread trading through time and sales I want to put it...
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    Choosing a brokerage, avoiding bucketshops - what would you do?

    Wex and Obsidian are trading platforms, not brokerages. You would still need a clearing firm if you used these platforms. A few more things to consider. TOS is 'all in" on commissions. For example if you trade the SPX or the VIX, you will be hit with about .50 extra per contract in exchange...
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    VIX settlement early this month

    Lol. I know why, just didn't realize that the expiration date was changing.
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    VIX settlement early this month

    Just noticed that the VIX settles on Tuesday March 18th this month instead of the customary Wednesday.
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    Weekly VIX futures and options

    I can't even see/trade this product. Not supported until June by Redi. TOS doesn't offer either. Too bad, it has a lot of potential.
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    Prop Firms for Experienced Traders

    Cassandra Trading in Chicago. Clears through Goldman under a JBO structure so you will need a Series 56.
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    portfolio margining margin use for naked options

    It will depend on the clearing firm as well. Currently in my PM customer account at Apex, they are now looking 50% down in terms of risk for the SPX!, while a Goldman account I have will look down 20%.
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    VIX SOQ (VRO) Thread

    15.47 Final. I thought premium was way too cheap. I had the 15/16/17 call butter on. They were actually selling this at .04, unbelievably cheap. Also had the 15/16 call spread vs short the 16 vix binary calls. These are great to trade if there is ever any real bids or offers (which they...
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    Weekly VIX futures and options

    Options are scheduled for the second quarter, so sometime before the end of June.
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    Weekly VIX futures and options

    Think or Swim, not for awhile REDI, not until June Per phone conversations with them
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    Weekly VIX futures and options

    Unfortunately, it seems many platforms and brokers will not offer trading in these.
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    Seeking a usable CobWeb interface

    I feel your pain here. I don't know of any broker who offers this data and I have looked around. As you know the CBOE web site is essentially useless for the SPX as there are so many spreads. Also the CBOE web site will not display the spreads before 830 or after 300pm(CT). The most...
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    Seeking a usable CobWeb interface

    The only ones that I know of are attached to certain trading platforms such as WEX and ITG. Using these you are able to filter the spreads and arrange by edge, which is very helpful. Edge is calculated using the midpoint of the individual options prices. I currently use WEX, which makes it...
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    CBOE is clueless

    Wow, thanks for this information. I've had a professional customer account for some time and did not realize that granted me an exemption from being on both sides of the market.
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    Weekly VIX futures and options

    The CBOE announced that they will begin trading weekly expiration VIX futures and options. Weekly VIX futures start Feb 13th. Should be interesting. http://www.cboe.com/micro/vxst/pdf/VXST.pdf http://ir.cboe.com/releasedetail.cfm?ReleaseID=822177
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    VIX SOQ (VRO) Thread

    Basically yes. You will see in real time that there are say 4000 1600 puts to sell and what price they will open at. The price they will open will constantly be changing based on the amount of bids out there. If it looks like the price is really cheap, you would join the bid. Take a look at...
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    VIX SOQ (VRO) Thread

    On the morning of VIX expiration, everyone (customers, marketmakers, firms) can participate equally in the following months SPX option opening. The opening prices of these options are used to "set" the VIX settlement price. Indications are listed at the previous page I posted. There are...
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    VIX SOQ (VRO) Thread

    Actually I liked your trade even if it didn't work out. The short straddle felt like the right trade yesterday. You may want to check out participating in the HOSS opening of the SPX options on VIX expiration day. One of the few opportunities for almost free money these days...
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    VIX SOQ (VRO) Thread

    Its out 12.36
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    VIX SOQ (VRO) Thread

    Should be much lower, a lot of sellers in the SPX Hoss opening
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